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Technology Stocks : Micron Only Forum
MU 239.40-0.4%Dec 2 3:59 PM EST
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To: Kathleen capps who wrote (25252)12/15/1997 2:24:00 AM
From: S. maltophilia   of 53903
 
I thought this was the note issue with the delayed interest payments. From the SEC archives:
sec.gov

Interest on the Notes is payable on January 1 and July 1 of each year,
commencing January 1, 1998. The Company has the right to defer payment of
interest on the Notes at any time or from time to time for a period not
exceeding 4 consecutive semi-annual interest payment periods with respect to
each deferral period (each, an "Extension Period"), provided that no Extension
Period may extend beyond the stated maturity of the Notes. Upon the
termination of any such Extension Period and the payment of all amounts then
due on any Interest Payment Date (as defined), the Company may elect to begin
a new Extension Period subject to the requirements set forth herein. During an
Extension Period, interest on the Notes will continue to accrue and holders of
Notes will be required to accrue interest income for United States federal
income tax purposes. See "Description of Notes--Option to Extend Interest
Payment Period" and "Certain Federal Income Tax Considerations--Interest
Income and Original Issue Discount". The Notes will not be subject to
redemption prior to July 2, 1999 and will be redeemable on and after such date.........
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